Real estate refers to a piece of property, which can be land, house or any other form of commercial building. Real estate business involves, buying, selling or renting these properties.

The Traditional way

Buying or selling a new home or a piece of land involves lots of paperwork, filling up the long list of blanks, imprinting your signature in another ten places, digging up all related documents, visiting a number of offices for the various verification and documentation purposes. Added to this is the presence of middlemen, the so-called " estate brokers" who earn commission for the dedicated assistance they provide to sellers and buyers.

This traditional method, however, has many problems associated with it.

Slow and time-consuming: The entire process is very slow and time-consuming. The presence of brokers removes the transparency involved. Third parties are required for document and property verification procedures. This involves lots of money and time.

Forgery of documents : With digital technology growing leaps and bounds it is very easy to forge documents. Editing software has made it possible to recreate false ownership documents. This is one of the major problems faced by the real estate industry.

No Transparency: Not All the payments that are involved in a property buy or sell deal is documented. There include many unseen commission charges which are not made public.

Over, all these years there have been no significant changes in this procedure. Upcoming technologies have failed to bring about any improvements in the field. Blockchain technology is yet another recent hype, which unlike others offers much to this field.

Real Estate and Blockchain

Many of the problems in the real estate can be solved through blockchain. The smart contracts provide complete transparency and hence prevents frauds. Blockchain facilitates proper documents to be verified by oneself, hence eliminates the need for any third parties. Developing smart contracts is not everyone's cup of tea, integrating the current real estate business models with blockchain also requires expertise. This is where INTROA can be of immense help.

INTROA is a real estate platform that offers various IT products for builders, investors, home buyers, bankers and other agents. The details of under construction projects and investors contracts are stored in the blockchain, which in turn receives data from official sources.

Scopes of Application:

INTRO benefits a wide sector of people and communities.

State authorities : It helps state authorities in allocating land for real estate development. It also helps in preventing house bubbles.

Developers : It helps in easy search of sites for development.It provides an easy platform for communication with investors and home buyers.

Real estate brokers and investors: The site lists a number of properties, which provides brokers with an opportunity to compare various price deals and participate in private auctions.

The real estate field is all geared up for a change. With blockchain and its features sure to bring about huge developments in all the fields, the real estate sector cannot remain behind curtains. With more transparent and hassle-free system investors, developers and buyers can look forward to reliable and profitable business days ahead.

Website - https://introa.io/en/

Whitepaper - https://introa.io/files/%D0%98%D0%9D%D0%A2%D0%A0%D0%9E%20WP%20en.pdf

ANN - https://bitcointalk.org/index.php?topic=2856412

Telegram - https://t.me/introa_EN

Published by - coineaglebt

Profile - https://bitcointalk.org/index.php?action=profile;u=1936073